Property Investors Weekly News: 7/12/2020
We can’t believe that we are writing our first weekly newsletter of December! The festive season is here and we hope that you are looking forward to making the most of all the festivities this month.
As usual, we have selected the hottest property news articles for your reading pleasure. Enjoy!
Second lockdown had ‘very little negative impact on activity levels’
Despite the second lockdown in England, property buyers and sellers continued to press ahead in record numbers, according to Chestertons. Read the article to see the impressive figures!
Property market expected to start 2021 with a bang
Pent-up demand after lockdown and the news of a COVID-19 vaccine, the UK property market is expecting a good start in 2021.
The imposed lockdown restrictions have meant that people have spent more time at home. This has given people the time to seriously consider what they want in a property. The stamp duty holiday, help to buy scheme and low interest rates, have created a sense of urgency.
Average UK property values expected to increase by 2% in 2021, say Jackson-Stops
The predictions from estate agent, Jackson-Stops, go on a combination of factors of what we have seen in the housing market this year. The group have predicted that house price growth will increase by between 3-4% across 2021 should the Stamp Duty holiday be extended beyond March.
Net new homes in England hit highest level since records began
More new houses have been built in 2019-2020 than any year since records began with the total number of net additional dwellings of 243,770.
Hope you have a great week and speak to you soon!